TD Asset Management Inc Sells 2,416 Shares of RTX Corporation $RTX

TD Asset Management Inc cut its holdings in RTX Corporation (NYSE:RTX) by 0.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 539,140 shares of the company’s stock after selling 2,416 shares during the quarter. TD Asset Management Inc’s holdings in RTX were worth $78,725,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MorganRosel Wealth Management LLC bought a new position in shares of RTX in the 1st quarter worth $26,000. PFS Partners LLC lifted its stake in RTX by 101.1% in the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after buying an additional 89 shares during the period. Summit Securities Group LLC bought a new position in RTX during the first quarter worth about $40,000. McClarren Financial Advisors Inc. acquired a new position in shares of RTX during the 1st quarter worth about $44,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in shares of RTX in the 1st quarter valued at about $50,000. Institutional investors own 86.50% of the company’s stock.

Insiders Place Their Bets

In other RTX news, insider Shane G. Eddy sold 25,968 shares of the business’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Ramsaran Maharajh sold 1,462 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total value of $222,604.12. Following the completion of the transaction, the executive vice president owned 13,184 shares of the company’s stock, valued at $2,007,395.84. The trade was a 9.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock valued at $8,947,010 in the last quarter. Company insiders own 0.15% of the company’s stock.

RTX Stock Down 1.5%

RTX stock opened at $156.94 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The stock has a market capitalization of $210.07 billion, a P/E ratio of 34.49, a P/E/G ratio of 2.96 and a beta of 0.66. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $170.85. The business has a 50-day moving average of $159.11 and a 200-day moving average of $145.47.

RTX (NYSE:RTX) last released its earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.45 by $0.11. The firm had revenue of $21.58 billion for the quarter, compared to analysts’ expectations of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, sell-side analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on RTX. UBS Group lifted their price objective on shares of RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. The Goldman Sachs Group boosted their price target on shares of RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a report on Monday, June 23rd. Bank of America raised their price objective on RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Sanford C. Bernstein boosted their target price on RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research note on Monday, October 6th. Finally, Morgan Stanley increased their price target on RTX from $165.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, RTX currently has an average rating of “Moderate Buy” and a consensus target price of $164.13.

About RTX

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.